Silver maintains a bullish sentiment, in line with the prevailing uptrend. Recent intraday price action suggests a corrective pullback, potentially retesting the previous consolidation zone for support.
Key Level: 3090
This zone represents a significant area of prior consolidation and now acts as a key support level.
Bullish Scenario:
A pullback toward 3090...
Gold maintains a bullish sentiment, in line with the prevailing uptrend. Recent intraday price action suggests a corrective pullback, potentially retesting the previous consolidation zone for support.
Key Level: 3058
This zone represents a significant area of prior consolidation and now acts as a key support level.
Bullish Scenario:
A pullback toward 3058...
The STOXX 50 index maintains a bearish outlook, aligned with the broader downtrend. Recent price action confirms a breakdown below a key consolidation zone, reinforcing the downward pressure.
Key Level: 5133
This level represents the former intraday consolidation zone and now acts as a pivotal resistance.
Bearish Scenario:
An oversold rally toward 5133 followed...
The FTSE 100 continues to exhibit bearish sentiment, in line with the prevailing downtrend. Recent price action confirms a breakdown below the previous consolidation zone, reinforcing downside pressure.
Key Level: 8460
This level marks the former intraday consolidation area and now acts as critical resistance. A near-term oversold bounce toward this level is...
US March Jobs Report
Most important release this week.
Strong report boosts the dollar and bond yields
Weak report supports stocks and pressures the dollar
Canada March Jobs Report
Strong numbers lift the Canadian dollar
Weak numbers weigh on CAD
Germany, France, Italy Data
Includes factory orders, industrial production, and retail sales
Weak data puts pressure...
The AUDJPY pair is in an overall downtrend, though currently experiencing a short-term oversold bounce back.
Key Resistance: 94.45 – A bearish rejection from this level could push prices lower.
Bearish Scenario: A break below 94.45 could lead to further declines toward 92.70, 92.00, and 91.70.
Alternatively a breakout above 94.45 and a daily close higher would...
The GBP/CAD currency pair maintains a bullish sentiment, supported by the prevailing uptrend. Recent intraday price action shows a corrective pullback toward the previous consolidation zone and the support trendline area.
Bullish Scenario:
The key trading level to monitor is 1.8400, which represents the previous consolidation range. A successful bullish bounce...
The GBP/JPY pair is in an overall uptrend, though currently experiencing a short-term pullback.
• Key Support: 191.70 – A bounce from this level could push prices higher.
• Upside Targets: 194.00, 195.50, and 195.70 if the bullish trend continues.
• Bearish Scenario: A break below 191.70 could lead to further declines toward 190.90, 190.00, and...
Key Support and Resistance Levels
Resistance Level 1: 42375
Resistance Level 2: 42846
Resistance Level 3: 43288
Support Level 1: 40560
Support Level 2: 40000
Support Level 3: 39637
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is...
Trend Overview
The GBP/CHF currency pair remains in a bearish trend, with current price action reflecting a potential oversold bounce within a broader downtrend.
Key Levels & Scenarios
Resistance: 1.1440 (previous consolidation zone)
A bearish rejection from this level could reinforce downside momentum.
Downside targets: 1.1340, followed by 1.1300 and 1.1200...
President Donald Trump imposed the highest U.S. tariffs in a century, aiming to reshape the global economy. This move triggered threats of retaliation and a sharp market selloff worldwide. Stock markets reacted quickly and negatively. U.S. equity futures dropped as investors worried about corporate earnings. European and Asian stocks also declined. The dollar fell...
EURGBP INTRADAY oversold bounce back capped at 0.8385
The EUR/GBP pair continues to exhibit bearish sentiment, reinforced by the prevailing downtrend. The key intraday resistance level is at 0.8385, marking the current swing high.
Bearish Scenario:
An oversold rally from current levels, followed by a bearish rejection at 0.8385, would likely target downside...
Trend Overview
The GBP/USD currency pair maintains a bullish trend, with recent price action confirming a breakout above the previous consolidation zone.
Key Levels & Scenarios
Support: 1.3050 (previous consolidation range)
A bullish bounce from this level could sustain the rally.
Upside targets: 1.3240, followed by 1.3270 and 1.3300 over the longer...
The DAX 40 remains in a bearish trend, with recent price action suggesting an oversold bounce rather than a structural reversal.
Key Levels & Scenarios
Resistance: 22144 (previous intraday consolidation zone)
A bearish rejection from this level could resume downside momentum.
Support targets: 21544, followed by 21300 and 21000 over a longer timeframe.
Bullish...
Economic Data Releases (Market Impact)
US:
March ISM Services PMI – Key gauge of economic activity in the services sector. A higher-than-expected number could fuel rate hike concerns.
February Trade Balance – Trade deficit/surplus could influence USD sentiment.
Initial Jobless Claims – A lower figure may strengthen USD as it signals a strong labor...
The USDJPY currency pair remains in a bearish trend, with the recent price action showing signs of an oversold bounce. While a temporary rebound is in play, the broader sentiment remains weak unless a decisive breakout occurs.
Key Levels to Watch:
Resistance Levels: 151.21 (critical level), 152.20, 153.04
Support Levels: 149.17, 148.26, 147.22
Bearish Scenario:
A...
USDCHF maintains a bearish sentiment, aligned with the prevailing downtrend. The recent price action suggests an oversold bounce, which may be temporary before the downtrend resumes.
Key Level: 0.8856
This level represents the previous consolidation zone and serves as a crucial resistance point.
Bearish Scenario: If the price faces rejection at 0.8856, it could...
USDCAD remains in a bullish trend, supported by the prevailing uptrend. The recent price action indicates a corrective pullback toward a key support zone.
Key Level: 1.4300
This level represents the previous consolidation range and serves as a crucial support area.
Bullish Scenario: A bounce from 1.4300 could reinforce the uptrend, with potential targets at...
